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Logistics

MOL Invests in Leading Malaysian Logistics Company

MOL Invests in Leading Malaysian Logistics Company
Danny Gill

Mitsui O.S.K. Lines, Ltd. (MOL) has announced that it acquired 20.9% share in PKT Logistics Group Sdn. Bhd. (PKT), a leading Malaysian logistics company.

PKT provides end-to-end logistics solutions comprising freight forwarding, customs brokerage, contract logistics, haulage, distribution to its customers. The company also owns and operates state-of-the-art, environment-friendly warehouses at their ‘One Logistics Hub’ in Shah Alam, Selangor, offering over 55,000m2 of warehouse space in total.

In 2014, PKT acquired a 70-acre piece of land in Batu Kawan Industrial Park, Penang, to develop the ‘One Auto Hub’. The ‘One Auto Hub’ is PKT’s landmark investment to support the logistics needs of automotive and electronics manufacturers in the north of Malaysia. The first component to be completed, The 12 Waves warehouse, offers over 60,000m2 of space for warehousing and value-add activities.

Since year 2000, the Malaysian economy has consistently seen annual growth rates of over 5% and it is expected to continue growing strongly, integrating itself further into the ASEAN Economic Community. This acquisition provides MOL Group with an opportunity to significantly enhance their operational capabilities in Malaysia, by leveraging synergies to pave the way for MOL Group’s broad expansion in ASEAN.

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Logistics
Danny Gill

Danny is currently a Contributing Writer for Airfreight Logistics and Logistics Manager (LM) and is quite the foodie. He’s always on the hunt for new and exciting dishes to sample, and is never one to back down from a spicy challenge. His travels have taken him around the world, and he’s been able to experience many different cultures (and food).

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